What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks plus crypto trading platform that distinguishes itself from the competition by charging no fees.
A online financial services company launched in the Autumn of twenty fourteen originally as a robo-advisor automated trading platform named Wealthsimple Invest, it has improved significantly over the past 8 years to also feature Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows consumers to trade individual stocks and also ETFs without having to pay any fees. The exception is when you’re trading securities that are displayed in USD. In this case, they will charge a small currency conversion fee when buying and selling. However, past us are the times of having to pay $7-12 for each trade with online discount brokerages as was common only a couple years past.
How Much Cash do I Need to Get Started With Wealthsimple Trade?
Wealthsimple is awesome in that they will allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have large minimum deposit amounts of $1,000-5K. This makes it impossible for the everyday new investor to get started. With Wealthsimple Trade, you don’t need to be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
Yes. Wealthsimple Trade offers registered and non-registered account types. One are free to choose between both RRSP and TFSA accounts during the setup process.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a well designed mobile app that is available on iOS and also Android. The app makes the enrollment phase and trading of stocks and ETFs very a breeze.
Is Wealthsimple Trade Secure?
Of course. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion CAD in Assets Under Management (AUM). They have been operating for more than 7 years and currently employs about 600 Canadians. The main owner is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage to operate in Canada.
How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it incredibly simple to fund an account. Just connect the app to a chequing or savings account to your Trade account, then fund your account in simply a couple of steps. Deposits from banks to Wealthsimple usually take only a few days. Funds can just as easily be moved to a chequing or savings account by using the exact same process.
Which Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to Interac e-Transfers which allows one to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for this tax season and submit your taxes online free. It’s described to be easy, accurate and always totally free tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings account which lets one to get 1% cashback on your purchases, and also earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a ton of courses on different topics such as saving, investing, crypto, real estate and much more.
All of the above features, along with Wealthsimple Trade can be accessed within the mobile app or at their site with your Wealthsimple login.
So How Can I Begin With Wealthsimple Trade?
Click here to setup a new Wealthsimple Trade account. As a special signup bonus to our audience you’ll receive the equivalent cash value of a Canadian stock valued at $25 up to $4,500 CAD once you deposit to your account.
So What if I Still Have Additional Questions Concerning Does Wealthsimple Have Options?
If this article didn’t answered all of your questions, and you’re still looking for further specific information about Does Wealthsimple Have Options, check out the Wealthsimple website to get answers to each your questions.